The kill switch defintiely offers a lot of personal benefits for the kill switch and it is pretty obvious why it has become a need for many mobile owners. From the viewpoint of having increased protection, it seems a pretty daunting task for the mobile snatchers to steal something which is likely to turn into a brick. However, there is a whole new point to this and a theory has been presented by Creighton University professor William Duckworth who carried out a study and the results found out that a remote shutdown feature could also save phone users a lot of money.
This study has a sample of 1,200 people who were used for the survey and this concluded that mobile phone users can save up to a whopping total of $2.5 billion per year as they no longer need to buy new phones after theft and also go for new insurance plans. Almost a $500 million sum is used up to buy new phones after theft and consumers can spend up to $2 billion for the insurance that covers up the phone. Where this saving of money is good for the customers, it might not be such a loved idea by the carriers and the insurers because theft means an increase in their sales and hence an increase in their revenues.
But this study is being perceived as being too optimistic and Asurion, which has been in the business of phone insurance for a long time, states that about 60 percent of the missing phones are merely lost and not stolen hence there is a higher possibility that you will end up paying insurance for a phone that you probably forgot at the bar rather than paying for a phone that got stolen. And having this kill switch does not entirely ensure that the phone will not get stolen, after all how many theives would know that the phone has that kill switch or some might not even care because they might be interested in other parts of the phone. But we are not entirely ruling out the survey because some people will end up spending lesser money due to this kill switch.